Analyst Cites On-Chain Data to Argue a Crypto Capital Rotation to Altcoins is Underway

- Top analyst says the capital rotation from Bitcoin to altcoins is already underway
- On-chain proof includes a whale selling 4,000 BTC to buy 96,000 ETH, a massive rotation into Ethereum
- The key technical signal to watch is a bounce off the 20 and 50-day moving averages for altcoins
A cryptocurrency analyst has reiterated his position on the prevailing market trend and dynamics.
In his latest podcast, the analyst insisted that a capital rotation from Bitcoin into altcoins has begun. He used key technical indicators and the trading activities of long-term crypto traders to highlight what he believes to be a typical behavior of the crypto market during bull cycles.
Altcoin consolidation will precede the altseason
Although the analyst is adamant about the capital rotation in the crypto market, he noted that the bull move has yet to begin. According to him, the hig…
The post Analyst Cites On-Chain Data to Argue a Crypto Capital Rotation to Altcoins is Underway appeared first on Coin Edition.
Analyst Cites On-Chain Data to Argue a Crypto Capital Rotation to Altcoins is Underway

- Top analyst says the capital rotation from Bitcoin to altcoins is already underway
- On-chain proof includes a whale selling 4,000 BTC to buy 96,000 ETH, a massive rotation into Ethereum
- The key technical signal to watch is a bounce off the 20 and 50-day moving averages for altcoins
A cryptocurrency analyst has reiterated his position on the prevailing market trend and dynamics.
In his latest podcast, the analyst insisted that a capital rotation from Bitcoin into altcoins has begun. He used key technical indicators and the trading activities of long-term crypto traders to highlight what he believes to be a typical behavior of the crypto market during bull cycles.
Altcoin consolidation will precede the altseason
Although the analyst is adamant about the capital rotation in the crypto market, he noted that the bull move has yet to begin. According to him, the hig…
The post Analyst Cites On-Chain Data to Argue a Crypto Capital Rotation to Altcoins is Underway appeared first on Coin Edition.